2021

The Abu Dhabi Department of Energy confirmed key sector initiatives over the next decade to help accelerate the UAE’s sustainable economic growth while supporting its ambitious Net Zero By 2050 Strategic Initiative, during COP26 in Glasgow.

The number of geothermal power plants in Japan has quadrupled since the 2011 nuclear disaster in Fukushima Prefecture, according to industry data.

Brent was up by 86 cents or 1% at $83.60 a barrel, WTI gained 89 cents or 1.1% to $82.16.

Reconfirm the production adjustment plan and the monthly production adjustment mechanism approved at the 19th OPEC and non-OPEC Ministerial Meeting and the decision to adjust upward the monthly overall production by 0.4 mb/d for the month of December 2021, as per the attached schedule.

"One of the facts in that report is in my view very pertinent. In order to reach energy and climate goals nuclear generation needs to double compared to today,"

“The move to build an nuclear power plant is more than just a demand for clean energy – it means new jobs, new education, contracts for local industry, economic growth, and an improved quality of life for people in general.”

To ensure domestic oil products supplies by preventing a significant drop in throughput, Chinese refineries had to draw crude inventory in October.

The global power market is experiencing rapid power demand growth as markets recover from the pandemic.

The Worldwide Rig Count for October was 1,504, up 56 from the 1,448 counted in September 2021,and up 488 from the 1,016 counted in October 2020.

U.S. commercial crude oil inventories increased by 3.3 million barrels from the previous week to 434.1 million barrels.